QUESTIONS As the director of capital budgeting for Denver Corporation, you are evaluating two mutually exclusive projects with the following net cash flow You Project Projestz 0 5100.000 - $100,000 1 30.000 10.000 40,000 30,000 40,000 1 10.000 60.000 Denver required note of return is 15 percent, you would choose? 30.000 Neither project Project X vince it has the higher IRR Project since it has the higher NPV. Project X since it use the lusher NPV